Trading Tips for the Day - 31 July 2014

FKLI will likely open a little lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 point away from your entry point.  Close your position by the end of the day.

For FCPO, market closed about unchanged today after trading on either sides of the previous day's close.  However, prompt August was lower on long liquidation ahead of the first tender day.  Net gains in CBT soyoil and a weaker ringgit encouraged support in the morning.  Expectations of higher 1-31 July exports vs a month ago added support. Bearish sentiment and lower e-CBT soyoil pressured market in the afternoon.  Prices were 22 - 9 higher in the morning and eroded to 11 lower in the afternoon before
getting better support at close.

There were no new factors.  Good 1-31 July export numbers by ITS tomorrow will be supportive especially with production likely to be reduced by the Hari Raya holidays. Bulls will also be hoping for some weather premium in CBT soyoil although conditions are rather good at present.  Generally, sentiment remains negative with ample oilseeds supplies.  Technical view - no change in negative indicators. A break below 2250 will carry prices to 2200.

Trading Tips for the Day - 30 July 2014

FKLI will likely open a few points lower, for the first trade today, one can attempt to Short 1-3 points above the opening price, try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

As for FCPO, market failed to hold early gains and closed lower for the fourth consecutive week.  Better sellers surfaced late in the session following lower exports for 1-25 July reported by SGS after high numbers from ITS in the morning. Lack of short covering for the 4-day weekend also undermined support.  Steady CBT soyoil and China Dalian olein futures encouraged buying in the morning with the ITS numbers supporting. Prices were 1 to 13 higher in the morning and 8 higher to 19 lower in the afternoon.

The weak close pointed to bearish sentiment continuing.  The export numbers are supportive but seemed discounted.  Lack of bullish factors are encouraging selling especially with seasonal high production coming up in August - October.  The near ideal weather for the US soyabean crop is also
expected to keep CBT soyoil weak.  Technical view - weak close points to the down trend continuing towards 2200. Indicators remain negative.

Technicals - trend down ; RSI 30.50 ; parabolic SAR at 2294 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day - 25 July 2014

FKLI will likely open at almost the same point as it closed yesterday.  For the first trade today, one can attempt to Long 1-3 points below the opening price, try get 5-7 points profit and put a stop 5 points away from  your entry point.  Close your position by the end of the trading day.

FCPO recovered yesterday as prices recovered slightly at CBOT and Dalian.  Price was also supported by rumoured good cargo surveyor's export figures for July 1-25. However negative indicators still persist and any uptick is an opportunity to sell.

Technicals - trend down ; RSI 32.50 ; parabolic SAR at 2296 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day - 24 July 2014

FKLI will likely open a little lower, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points way from your entry point.  Close your position by the end of the day.

FCPO price continued to erode as there were no positive leads and prices at Dalian and CBOT also continued lower.  RSI is almost in oversold territory and any rebound is an opportunity to Short.  Technicals - trend down ; RSI 25.08 ( oversold ) ; stochastic oversold ; parabolic SAR at 2308 ; support 2220 / 2200 / 2135 ; resistance 2300 / 2345 / 2400.

Trading Tips for the Day - 23 July 2014

FKLI will likely open higher today, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO continued to weaken due to weakness in Soyoil in CBT and China Dahlian futures.  A break from congestion area is negative, and price will be very likely be attracted to the next level of 2200.  Technicals - trend down ; RSI 27.69 ( oversold ) ; parabolic SAR at 2323 ; support 2265 / 2200 / 2135 ; resistance 2345 / 2400 / 2435.

Trading Tips for the Day - 22 July 2014

FKLI will most likely open a few points lower, for the first trade today, one can attempt to Long at around 1858-1860.  Try get 5 - 7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO price was still range bound yesterday due to lack of fresh leads.  It is very likely price will trade within the 2280 - 2330 range and any price break out of this range with volume will see a major move

Trading Tips for the Day - 21 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

For FCPO, prices corrected a little last week from an oversold position.  Price is  now consolidated between 2280 - 2330.  Any breakout from these level with volume could see the next major move.

Trading Tips for the Day - 18 July 2014

FKLI will likely open a few points lower, for the first trade today, one can attempt to Short 0-2 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

FCPO prices continued to erode as Ringgit firmed up, higher seasonal production and slow demand came into play.  Technically, prices are still bearish, and we may see price goes down to 2200 in the coming days.  Support at 2265 / 2200 /  2135 while resistance is at 2345 / 2400 / 2435 / 2510.

Trading Tips for the Day - 17 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try gt 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 16 July 2014

FKLI will likely open higher following a more than 100 points up closing on Friday and a flat market yesterday.  For the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the trading day.

Trading Holiday on 15 July 2014

Please be informed that Bursa Malaysia will be closed for the Nuzul Al-Quran holiday which will be observed in Kuala Lumpur.  There will be no trading.

Trading Tips for the Day - 14 July 2014

FKLI will likely open at very near to yesterday's close, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points way from the entry point.  Close your position by the end of the day.

CPO came down sharply last Friday due to negative Soyoil prices even thought data showed some supporting facts.  Today Support is 2345 / 2300/ 2265 while Resistance is 2400 / 2435 / 2510 / 2550.  Weak closing on Friday points to weakness in the markets and price may continue to point towards 2300 today.

Trading Tips and Market Report for the Day - 11 July 2014

FKLI will likely point to a lower opening as Dow Jones closed in the red last night following negative sentiments that is creeping into the markets of late.  Bank Negara also changed it's borrowing rate by pushing it up 25 basis point, so that may have a negative effect on some speculative stocks today.  For the first trade, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from the entry point.  Close your position by the end of the day.

At the FCPO front, the markets recovered in yesterday's afternoon trading after the release of the MPOB June data.  With the Ramadhan holidays coming, production is expected to be lower and that will push price further up in the coming days if the export pace is maintained.  Today's support 2350 / 2300 / 2265 and resistance 2400 / 2435 / 2510 / 2550.

 

 

FCPO Report for the Day - 10 July 2014

Technically, FCPO indicators have turned around yesterday and are now pointing down.  Continued weakness in CBT soyoil is also putting a lot of pressure to FCPO price, while the continuing strengthening of Ringgit is also not helping.

Today support 2360 / 2300 / 2265 while resistance 2435 / 2510 / 2550 / 2630.  Watch out for the MPOB June production figures that may cap the downside though.

 

Trading Tips for the Day - 10 July 2014

FKLI will open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 9 July 2014

FkLi will likely open a few points lower, for the first trade today, one can attempt to Short 1-3 points above the opening price. Try get 5-7 points profit and put a stop 5 points away from your entry point. Close your position by the end of the day.

Trading Tips for the Day - 8 July 2014

FKLI will likely open a few points lower, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 7 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price. Try get 5-7 points profit and put a stop 5 points away from your entry point. Close your position by the end of the day.

Trading Tips for the Day - 4 July 2014

FKLI will likely open a few points higher, for the first trade today, one can attempt to Long 1-3 points below the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 3 July 2014

FKLI has opened higher as Dow Jones closed slightly higher last night.  For the first trade today, one can attempt to Long at 1889 to 1891.  Try get 5-7 points profit and put a stop 5 points away from  your entry point.  Close your position by the end of the day.

Trading Tips for the Day - 2 July 2014

FKLI has opened higher as Dow Jones closed more than 100 points up.  For the first trade today, one can attempt to Long at 1883.  Try get 5-7 points profit and put a stop 5 points away.  Close your position by the end of the day

Learn How to Trade Futures & Options Seminar

 

Bursa Malaysia will be conducting a workshop on derivatives trading in Kota Kinabalu, Kuching, Johor and Melaka.  Details of the workshop are below:



For those interested to attend this workshop in Kota Kinabalu, please contact me at 013-8882887 to make arrangement.  Thank you.

 

Trading Tips for the Day - 1 July 2014

FKLI will likely open very near to yesterday's close, for the first trade today, one can attempt to Short 1-3 points above the opening price.  Try get 5-7 points profit and put a stop 5 points away from your entry point.  Close your position by the end of the day.